Massillon Center

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Address: 59 Lincoln Way E., Massillon, Ohio, US
Created date: November 6, 2023
Date last updated: January 4, 2024
  • Individual furnaces and central AC
  • Ample closet space
  • Multiple on-site laundry areas providing additional income
  • New roof and on-site gym in 2023
  • New flooring in common areas 2022-23
  • New HVAC in most units
  • High occupancy with below market rents and proven rent growth potential
  • Some units have been renovated with LVT flooring, new fixtures, and updates to cabinets and countertops resulting in significant rent improvement

Property Description

GREA is pleased to present Massillon Center Apartments. This midrise building features 66 one bedroom apartments and two fully rented first floor commercial spaces. Tenants enjoy many high end amenities including, vaulted ceilings, central A/C, on-site laundry, and an on-site gym. The property also features several bonus rooms which have recently been approved to rent out as office space. The current owner has recently completed several large capex projects including a new roof in 2023, new flooring in the common areas, and new HVAC in most units. Rents are significantly below market, and the current owner has proven rent premiums of $100+ through unit renovations.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Multifamily type: Apartments
Price: $4,000,000
No. of Units: 68
Lot Size: 40,920.00 Sq ft
Opportunity Zone: No
Price per unit: $58,824
Property Website Click Here
Address: 59 Lincoln Way E., Massillon, OH 44646, USA
Provided by:

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